Unfortunately I am unable to travel far from Benllech. I would like to know the logic why all Benllech property lawyers aren't included on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. This led to banks and building societies purging a number of firms off their books of approved lawyers .
Would the conveyancing practitioners revealed via your search app handle right to buy conveyancing in Benllech?
We work with plenty of conveyancing conveyancers who can conduct right to buy transactions Please e-mail us to secure a costs illustration.
Are the Benllech conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?
Benllech conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
My Solicitor in Benllech is not on the Alliance & Leicester Approved Panel. Can I still use my family solicitor even though they are excluded from the Alliance & Leicester panel?
The limited options open to you here include:
- Carry on with your existing Benllech lawyers but Alliance & Leicester will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal charges as well as result in frustration.
- Find a new practitioner to to deal with the conveyancing, remembering to check they are Alliance & Leicester approved.
- Try to convince your Alliance & Leicester based solicitor to attempt to join the Alliance & Leicester panel
I was advised by a number of selling agents in Benllech to get a quote from a property lawyer on your site. Is there a financial upside for Estate Agents to recommend your services over and above a competitor’s?
We don’t make any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
My solicitors in Benllech have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the lender directly.